Skift Take
Analysts were skeptical that Indian Hotels Company Ltd. could hit its lofty goals for profit margins. But it's been delivering.
The Indian Hotels Company (IHCL) posted strong quarterly results Thursday and management expects double-digit revenue growth to continue into the second half of the year, helped by 30% more wedding dates in the calendar than usual.
Looking farther ahead, CEO Puneet Chhatwal said average room rates will be supported because of the "premium positioning" of many of its brands, the growing popularity of its loyalty program, and its substantial footprint in high-demand markets.
Expansion plans may also support growth for IHCL, India's largest